I am an expert in the field of corporate acquisitions and mergers, with a particular focus on the history and evolution of companies within the HVAC industry. It is with this expertise that I approach the question of ownership of Carrier Corporation.

Carrier Corporation, a renowned name in the heating, ventilation, and air conditioning (HVAC) industry, has a rich history that dates back to its founding by Alfred E. Carrier in 1915. The company was originally known for its pioneering work in the field of air conditioning and refrigeration, with Carrier himself developing the first practical system for dehumidifying air.

In July 1979, a significant milestone in the company's history was reached when Carrier Corporation was **acquired by United Technologies Corporation (UTC)**. This acquisition marked a pivotal point in the growth and diversification of the company's portfolio. UTC, a global provider of high-technology systems and services, was well-positioned to support the expansion of Carrier's operations and technological advancements.

Before the acquisition by UTC, Carrier Corporation was recognized as the Carrier Air Conditioning Company, a testament to its foundational expertise in air conditioning technology. The company's focus on innovation and customer satisfaction had already established it as a leader in the industry.

Further expanding its reach, in 1999, Carrier **acquired International Comfort Products (ICP)**, headquartered in Lewisburg, Tennessee. ICP was a significant player in the residential and light commercial HVAC market, and its acquisition by Carrier allowed for a broader range of products and services to be offered to customers.

The acquisition by UTC and the subsequent acquisition of ICP have been instrumental in shaping Carrier Corporation's position in the market today. Under UTC's umbrella, Carrier has been able to leverage the resources and expertise of its parent company to continue pushing the boundaries of HVAC technology and to meet the evolving needs of its customers.

Carrier's ownership by UTC has also facilitated strategic partnerships and collaborations that have contributed to the company's growth and success. The synergies between UTC's various business units and Carrier have led to the development of innovative solutions that address complex challenges in the HVAC industry.

Today, Carrier Corporation continues to be a subsidiary of United Technologies Corporation, contributing to UTC's overall mission of providing innovative and sustainable solutions that enhance the quality of life for people around the world.

In summary, Carrier Corporation is owned by United Technologies Corporation, a relationship that has been pivotal in shaping the company's growth, innovation, and market leadership in the HVAC industry.

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Carrier Corporation was acquired by United Technologies Corporation (UTC) in July 1979. Prior to the acquisition by UTC, Carrier Corporation was known as the Carrier Air Conditioning Company. International Comfort Products (ICP), headquartered in Lewisburg, Tennessee, was acquired by Carrier in 1999.read more >>